VISTA GOLD CORP VGZ
Vista Gold Corp. and its subsidiaries operate as a development-stage company in the gold mining industry. Vista does not currently generate cash flows from mining operations.
Our flagship asset is the Mt Todd Gold Project ("Mt Todd" or the "Project"), a development-stage gold deposit located in the Tier-1 jurisdiction of Northern Territory, Australia (the "NT"). Mt Todd offers a large gold mineral reserve, development optionality, expansion opportunities, exploration upside, advanced local infrastructure, community support, and demonstrated economic feasibility.
On July 29, 2025, the Company announced the results of a new Mt Todd feasibility study focused on developing a 15,000 tonnes per day ("tpd"), or 5.3 million tonnes per annum ("tpa"), operation (the "Mt Todd FS" or the "Study"). The Mt Todd FS significantly decreased the initial capital requirement, prioritized grade over tonnes, delivered stable gold production over the extended life of the project, and provided a fresh perspective for developing the Project using design and operating practices commonly employed by Australian gold operations.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | — | — | — | — | — | — | — | $4.8M | $6.9M | — |
| Gross profit | — | — | — | — | — | — | — | -$4.8M | -$6.9M | — |
| SG&A | $3.6M | $3.7M | $3.5M | $3.8M | $3.9M | $3.8M | $3.9M | $4.1M | $3.5M | $2.9M |
| Total operating expenses | — | — | $6.8M | $5.5M | $15.3M | $2.3M | $8.1M | $10.9M | $10.8M | $7.7M |
| Operating income | -$9.3M | $10.5M | -$6.8M | — | — | — | — | — | — | — |
| Pre-tax income | -$7.5M | $11.2M | -$6.6M | -$4.9M | -$15.2M | $420.0K | -$9.4M | -$8.7M | -$12.0M | -$3.1M |
| Income tax | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — |
| Net income | -$7.5M | $11.2M | -$6.6M | -$4.9M | -$15.2M | $420.0K | -$9.4M | -$8.7M | -$12.0M | -$3.1M |
| EPS, basic | -0.06 | 0.09 | -0.05 | -0.04 | -0.14 | 0.00 | -0.09 | -0.09 | -0.12 | -0.04 |
| EPS, diluted | -0.06 | 0.09 | -0.05 | -0.04 | -0.14 | 0.00 | -0.09 | -0.09 | -0.12 | -0.04 |
| Shares, diluted (wtd. avg.) | 125.2M | 125.6M | 120.5M | 118.0M | 110.3M | 104.5M | 100.5M | 99.7M | 98.6M | 89.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.6M | $16.9M | $6.1M | $8.1M | $12.8M | $7.8M | $1.4M | $1.1M | $1.4M | $1.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $15.1M | $22.0M |
| Total current assets | $14.1M | $17.5M | $6.5M | $8.6M | $14.0M | $9.4M | $8.8M | $14.1M | $21.1M | $29.5M |
| Property, plant and equipment | $986.0K | $482.0K | $204.0K | $193.0K | $233.0K | $5.6M | $5.6M | $5.6M | $7.6M | $8.2M |
| Total assets | $16.3M | $19.0M | $8.9M | $11.0M | $16.3M | $17.2M | $16.7M | $22.1M | $31.1M | $41.6M |
| Accounts payable | $230.0K | $160.0K | $190.0K | $169.0K | $566.0K | $356.0K | $190.0K | $195.0K | $830.0K | $252.0K |
| Total current liabilities | $1.1M | $1.0M | $939.0K | $933.0K | $1.8M | $1.1M | $1.1M | $872.0K | $2.1M | $1.1M |
| Total liabilities | $1.2M | $1.1M | $4.0M | $957.0K | $2.0M | $1.4M | $4.0M | $872.0K | $2.1M | $1.1M |
| Retained earnings | -$467.7M | -$460.2M | -$471.4M | -$464.8M | -$459.9M | -$444.6M | -$445.1M | -$435.7M | -$427.0M | -$414.9M |
| Total equity | $15.1M | $17.9M | $5.0M | $10.0M | $14.3M | $15.9M | $12.6M | $21.3M | $29.1M | $40.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.6M | -$5.7M | -$5.9M | -$7.4M | -$10.6M | -$7.0M | -$7.1M | -$8.6M | -$8.8M | -$5.0M |
| Depreciation and amortisation | $88.0K | $55.0K | $40.0K | $45.0K | $49.0K | $48.0K | $52.0K | $983.0K | $655.0K | $618.0K |
| Stock-based compensation | $671.0K | $684.0K | $636.0K | $779.0K | $887.0K | $913.0K | $765.0K | $982.0K | $874.0K | $645.0K |
| Capital expenditure | $592.0K | $344.0K | $51.0K | $5.0K | $139.0K | $68.0K | $40.0K | $63.0K | — | $37.0K |
| Investing cash flow | -$742.0K | $15.6M | $2.9M | $2.9M | $2.6M | $11.6M | $7.4M | $8.3M | $8.6M | -$9.9M |
| Financing cash flow | $4.0M | $1.0M | $871.0K | -$113.0K | $13.0M | $1.7M | $13.0K | -$97.0K | -$264.0K | $15.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000783324-26-000009.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross profit | — | -$6.9M | -$4.8M | — | — | — | — | — | — | — |
| Net income | -$3.1M | -$12.0M | -$8.7M | -$9.4M | $420.0K | -$15.2M | -$4.9M | -$6.6M | $11.2M | -$7.5M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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